1488 N Lugo, San Bernardino, California 92404, San Bernardino, 92404 - 2 bed, 1 bath
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1488 N Lugo
San Bernardino, California 92404
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
1Baths
900Sq Ft
7,750Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$340,090
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $375,000—positioned above the $364,606 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the expansive 7,750 sqft lot offers substantial versatility for expansion or an ADU. Featuring scenic Mountain Views, this asset provides a clear value-add trajectory for those capable of managing a full-scale renovation. This project is best suited for Fix-and-Flip Investors or Contractors seeking a high-utility, entry-level project.
Estimated Market Value
$340,090
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1488 N Lugo Subject | $375,000* List Price | 2 | 1 | 900 | $378 | - |
A 1737 N Waterman Sold | $350,000 | 3 | 2 | 982 | $356 | 0.4 mi |
B 202 E 18th Sold | $300,000 | 3 | 1 | 890 | $337 | 0.3 mi |
C 549 E Evans Street Sold | $405,000 | 2 | 1 | 975 | $415 | 0.6 mi |
D 648 E 20th Sold | $440,000 | 2 | 1 | 1,116 | $394 | 0.8 mi |
E 1441 N Lugo Pending | $399,900 List Price | 2 | 1 | 864 | $463 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1925 and explicitly marketed as a 'Fixer,' this property is nearly 100 years old with no evidence of recent renovations. The interior features dated popcorn ceilings and worn flooring, while the exterior shows deferred maintenance, suggesting that major systems (HVAC/Electric) and cosmetic finishes require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7750, living area = 900.
- Generous Lot Size
The 7,750 sqft lot provides ample space for potential expansion, an ADU, or extensive outdoor landscaping, offering significant versatility for the price point.
- Value-Add Opportunity
As a designated 'fixer,' this property presents a prime opportunity for investors or DIY homeowners to build immediate equity through customized renovations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 804.
- Extensive Repairs Needed
Explicitly marketed as a fixer-upper, the home requires significant capital expenditure to address deferred maintenance and modernize the 1925 structure.
- Limited Living Space
With only 900 square feet and a single bathroom, the compact interior footprint may limit appeal for larger families or those requiring more functional space.
About 1488 N Lugo
Fixer! Make this your own home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 7,750 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 900 | 1,336.28 |
| Lot Size | 7,750 | 7,410.822 |
| Price | $375.0K | $519.7K |
| Price per sq ft | $417 | $377 |
| Built year | 1925 | 1955 |
| HOA | $0 | $121 |
| Days on market | 49 | 61 |
Pricing History
Listed for Sale
Jul 22, 2026
$375,000
Initial Listing
Sold
Sep 15, 2004
$145,000
Public Record
Sold
Dec 10, 1999
$69,000
Public Record
Sold
Oct 13, 1999
$37,000
Public Record